Uncle Sam is after largest swiss bank UBS, and entire swiss banking is feeling the punch. Swiss banking has so far been a safe haven for tax evaders from around the world. For obvious reasons, Swiss court banned UBS from sharing any such information with US. But if US authorities are firm in their demand, can Swiss really dare not comply? Is it about the time for Intl. community to build pressure on Swiss to change their unfair practices of providing safety to fraudsters?

Ever since Obama took office, he has been talking a lot about transparency.
Mr. Barack Hussein Obama, are you the change we can believe in?

About

08 November 2008
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It’s 08Nov08 today. The financial crisis, which started with housing meltdown in US, has unfolded itself massively on global scale. This diary is an attempt to present the events as and when they happen from now onwards. I will try to keep it as factual as possible and looking to update it at least once in a week.
I am not an economist, so hoping to get layman’s common sense perspective on events of the crisis.
Crisis Diary as it unfolds …